Data: GSR Markets has deposited 7.41% of the total supply of NEIRO into CEX

ChainCatcher message, according to Spot On Chain monitoring, GSR Markets has deposited 7.41% of the total supply of NEIRO into Bybit in the past 14 hours.

It's worth noting that from October 8th to October 21st, GSR Markets withdrew 74.13 million NEIRO from Bybit at an average price of $0.084 (estimated cost: $6.2 million).

However, this action is likely intended to provide more liquidity rather than for sale purposes. If it were truly sold at an average price of $0.075, then just after a short period of 18 days later, it would result in a loss of $669 thousand (-10.8%).